HADDONFIELD, N.J. (DTN) -- Your irrevocable 2014 farm bill decisions are getting complicated by this spring's surprise price rally. While it was widely assumed commodity prices were headed for a multi-year crash when the farm bill was being drafted, few experts considered what your best risk management options would be if markets stay near levels achieved over the last two months.

After all, 2014 harvest futures prices were running $5 corn, $12 soybeans and $7.50 wheat in the last few days, far above the gloomy long-term projections from the University of Missouri's Food and Agricultural Policy Research Institute (FAPRI) economists. ...